Question

Samira buys a car the car loses 23% of its value in the first year. at the end of the first year her car is worth 6575.80 dollars how much did samira pay for her car?

Answer 1

Answer: Samira paid $8540 for her car.

Explanation:

Let x = Amount paid by Samira for her car.

Given: Depreciation rate = 23%

Worth of car after one year = $ 6575.80

As per given,

x - 23 % of x = 6575.80

⇒ x - 0.23x = 6575.80

⇒ 0.77x= 6575.80

⇒ x= $8540 [Divide both sides by 0.77]

Hence, Samira paid $8540 for her car.